Trimming the sails : the comparative political economy of expansionary fiscal consolidations : a Hungarian perspective / Istvan Benczes.

Format:

Book

Author/Creator:

Benczes, Istvan.

Language:

English

Subjects (All):

Economic forecasting--Hungary.

Economic forecasting.

Hungary--Economic conditions--1989-.

Hungary.

Physical Description:

xvi, 257 p. : ill.

Edition:

1st ed.

Place of Publication:

New York ; Budapest : Central European University Press, 2008.

Language Note:

English

Summary:

The book provides a clear, multidisciplinary and systematic analysis of the relatively new concept of the so-called expansionary fiscal consolidations. This concept suggests that fiscal adjustment should not be in trade-off with economic growth if certain conditions are met. But why do only a few countries and only at certain times experience the expansionary effects, while others not at all? The necessary institutional conditions and circumstances have been totally neglected in the literature, or analyzed only partially at best.

Contents:

Frontmatter

Contents

List of Figures

List of Tables

Acknowledgements

1. Introduction

Part One. A Critical Assessment of the Concept of Non-Keynesian Effects

2. Stylized Facts of EU Countries’ Major Fiscal Episodes

3. An Expectational View of Fiscal Policy: A Non-Linear Approach to Fiscal Consolidation

4. The Composition of Adjustment and the Structure of Labor Markets: A Linear Approach to Fiscal Consolidation

Part Two. Testing the Institutional Conditions of Non-Keynesian Effects in Hungary

5. Financial Intermediation in Hungary: A Comparative Perspective

6. The Expenditure Side of the Hungarian General Government: A Decompositional Analysis

7. Labor Market Structure and Wage Bargaining in Hungary: The (Ir)relevance of a Social Pact

8. Conclusion

References

Appendix 1

Appendix 2

Appendix 3

Index

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references and index.

ISBN:

1-003-72347-0

978-6-15521-132-4

9786155211324

615-5211-32-9

1-281-37704-X

9786611377045

1-4356-1237-X

9781003723479

OCLC:

519361949